Whether you provide legal advice, financial planning, insurance coverage, or another service entirely, your clients look to you so they can retire when the time comes. Your clients undoubtedly appreciate guidance from you on their current and future endeavors by helping them forecast business climates in order to maintain a sustainable business. As a … Read More »
So You Think You Wanna Exit ?
BUILT TO SELL – Video Series Part I – Strategic Growth Initiatives/2 Minute – How Much $$$$$ Are You Leaving On The Table? Terry Wyman – Principal, The Alliance Builders – Understanding how your company, IP, processes and systems are valued, helps you prioritize where to spend your time and energy as you prepare your business for … Read More »
Business Broker SBA Guidelines for 2014
What are buy/sell financing options that are working in todays economy? Business Acquisition Lending Cash Flow Requirements: 1) Cash Flow Coverages 1.15 to 1 debt service coverage ratio required for any loans greater than $350,000. 1.1 to 1.0 debt service coverage ratio required for any loans less than or equal to $350,000 PLUS 1.0 to … Read More »
The Buyer Down the Hall
Only 3 things can happen to a business once it’s been put on the market to sell. It sells internally. It sells externally. It closes and the value is lost. The more planning you do, the more value you’ll be able to transition. The more buyers you identify, the more cash you’ll get for your … Read More »
A Small Business Banker can be a shining star in your exit plan
There was a time when you could dial a direct line and your Banker would answer the phone, and he or she would have full authority to do almost anything you needed. Your Banker knew your business in detail and would likely be a trusted advisor. Well surprise, those days are back. Small community banks … Read More »